Proposed Collection; Comment Request, 46801-46816 [2014-18829]

Download as PDF Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices Dated: August 3, 2014. Martha Berger, Designated Federal Official. [FR Doc. 2014–18931 Filed 8–8–14; 8:45 am] BILLING CODE 6560–50–P ENVIRONMENTAL PROTECTION AGENCY [EPA–HQ–OA–2014–0001; FRL–9915–00– OA] Good Neighbor Environmental Board; Notification of Public Advisory Committee Teleconferences Environmental Protection Agency (EPA). ACTION: Notice of Public Advisory Committee Teleconferences. AGENCY: Pursuant to the Federal Advisory Committee Act, Public Law 92–463, notice is hereby given that the Good Neighbor Environmental Board (Board) will hold two separate public teleconferences. The first teleconference will take place on Wednesday, September 3, 2014 and the second on Tuesday, September 16, 2014. The teleconference held on September 3 will take place from 1:00–3:00 p.m. Eastern Standard Time. The teleconference being held on September 16 will take place from 11 a.m. to 3 p.m. Eastern Standard Time. Both teleconferences are open to the public. For further information regarding the teleconferences and background materials, please contact Ann-Marie Gantner at the number provided below. Background: The Good Neighbor Environmental Board is a federal advisory committee chartered under the Federal Advisory Committee Act, Public Law 92–463. By statute, the Board is required to submit an annual report to the President and Congress on environmental and infrastructure issues along the U.S. border with Mexico. Purpose of Meeting: The purpose of the September 3 call will be to discuss an advice letter on the proposed merger of the Border Environment Cooperation Commission and the North American Development Bank. The purpose of the September 16 teleconference will be to continue discussion on the Board’s Sixteenth Report, which focuses on ecological restoration in the U.S.Mexico border region. General Information: The agenda and teleconference materials will be available at http://www.regulations.gov under Docket ID: EPA–HQ–OA–2014– 0001. General information about the Board can be found on its Web site at http://www2.epa.gov/faca/gneb. mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 If you wish to make oral comments or submit written comments to the Board, please contact Ann-Marie Gantner at least five days prior to the teleconference. Written comments should be submitted at http:// www.regulations.gov under Docket ID: EPA–HQ–OA–2014–0001. Meeting Access: For information on access or services for individuals with disabilities, please contact Ann-Marie Gantner at (202) 564–4330 or email at gantner.ann-marie@epa.gov. To request accommodation of a disability, please contact Ann-Marie Gantner at least 10 days prior to the meeting to give EPA as much time as possible to process your request. 46801 FEDERAL HOUSING FINANCE AGENCY [No. 2014–N–11] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 60-day notice of submission of information collection for approval from the Office of Management and Budget. AGENCY: AGENCY: In accordance with the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking public comments concerning the information collection known as ‘‘Federal Home Loan Bank Directors,’’ which has been assigned control number 2590–0006 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a three-year extension of the control number, which is due to expire on October 31, 2014. DATES: Interested persons may submit comments on or before October 10, 2014. DATE ADDRESSES: Dated: July 31, 2014. Mark Joyce, Acting Designated Federal Officer. [FR Doc. 2014–18926 Filed 8–8–14; 8:45 am] BILLING CODE 6560–50–P FEDERAL ELECTION COMMISSION Sunshine Act Meetings Federal Election Commission. & TIME: Thursday, August 14, 2014 at 10:00 a.m. PLACE: 999 E Street NW., Washington, DC (Ninth Floor). STATUS: This meeting will be open to the public. ITEMS TO BE DISCUSSED: Correction and Approval of Minutes for July 23, 2014 Draft Advisory Opinion 2014–07: Crowdpac Draft Advisory Opinion 2014–09: REED Marketing Consultants, Inc. Draft Advisory Opinion 2014–10: Joan Farr for U.S. Senate Audit Division Recommendation Memorandum on the Nebraska Democratic Party (Resubmission) Future Meeting Dates Management and Administrative Matters Individuals who plan to attend and require special assistance, such as sign language interpretation or other reasonable accommodations, should contact Shawn Woodhead Werth, Secretary and Clerk, at (202) 694–1040, at least 72 hours prior to the meeting date. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Shawn Woodhead Werth, Secretary and Clerk of the Commission. [FR Doc. 2014–19082 Filed 8–7–14; 4:15 pm] BILLING CODE 6715–01–P PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 SUMMARY: Submit comments to FHFA using any one of the following methods: • Agency Web site: www.fhfa.gov/ open-for-comment-or-input. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by email to FHFA at RegComments@fhfa.gov to ensure timely receipt by the agency. • Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection; Comment Request: ‘‘Federal Home Loan Bank Directors (No. 2014–N–11).’’ We will post all public comments we receive without change, including any personal information you provide, such as your name and address, email address, and telephone number, on the FHFA Web site at http://www.fhfa.gov. In addition, copies of all comments received will be available for examination by the public on business days between the hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. To make an appointment to inspect comments, please call the Office of General Counsel at (202) 649–3804. FOR FURTHER INFORMATION CONTACT: Patricia Sweeney, Management Analyst, Division of Bank Regulation, by email at E:\FR\FM\11AUN1.SGM 11AUN1 46802 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices Patricia.Sweeney@fhfa.gov or by telephone at (202) 649–3311or Eric Raudenbush, Assistant General Counsel, by email at Eric.Raudenbush@fhfa.gov or by telephone at (202) 649–3084 (not toll-free numbers); or by regular mail at Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877–8339. SUPPLEMENTARY INFORMATION: A. Need For and Use of the Information Collection Section 7 of the Federal Home Loan Bank Act (Bank Act) vests the management of each Federal Home Loan Bank (Bank) in its board of directors.1 As required by section 7, each Bank’s board comprises two types of directors: (1) Member directors, who are drawn from the officers and directors of member institutions located in the Bank’s district and who are elected every four years to represent members in a particular state in that district; and (2) independent directors, who are unaffiliated with any of the Bank’s member institutions, but who reside in the Bank’s district and are elected every four years on an at-large basis.2 Section 7 and FHFA’s implementing regulation, codified at 12 CFR part 1261, establish the eligibility requirements for both types of Bank directors and the required professional qualifications for independent directors, and set forth the procedures for their election. Part 1261 of the regulations requires each Bank, as part of its responsibility to administer its annual director election process, to determine the eligibility of candidates to serve as member and independent directors on its board. Specifically, each Bank must require each candidate for either type of directorship, including any incumbent that may be a candidate for reelection, to complete and return to the Bank a form that solicits information about the candidate’s statutory eligibility to serve 12 U.S.C. 1427(a)(1). 2 See 12 U.S.C. 1427(b) and (d). mstockstill on DSK4VPTVN1PROD with NOTICES 1 See VerDate Mar<15>2010 17:35 Aug 08, 2014 and, in the case of independent director candidates, about his or her professional qualifications for the directorship being sought.3 Member director candidates are required to complete the Federal Home Loan Bank Member Director Eligibility Certification Form (Member Director Eligibility Certification Form), while independent director candidates must complete the Federal Home Loan Bank Independent Director Application Form (Independent Director Application Form). Under part 1261, each Bank must also require each of its incumbent directors to certify annually that he or she continues to meet all of the applicable statutory eligibility requirements.4 Member directors do this by completing the Member Director Eligibility Certification Form again every year, while independent directors complete the abbreviated Federal Home Loan Bank Independent Director Annual Certification Form (Independent Director Annual Certification Form) to certify their ongoing eligibility. The OMB control number for the information collection is 2590–0006, which is due to expire on October 31, 2014. The likely respondents are individuals who are prospective and incumbent Bank directors. Copies of each of the forms appear at the end of this notice. candidates, with 1 response per individual taking an average of 15 minutes (.25 hours) (68 respondents × .25 hours = 17 hours). It also includes a total annual average of 80 incumbent member directors, with 1 response per individual taking an average of 15 minutes (.25 hours) (80 individuals × .25 hours = 20 hours). B. Burden Estimate FHFA estimates the total annual hour burden imposed upon respondents by this information collection is 145 hours. This estimate is based on the following calculations: C. Comment Request 1. Member Director Eligibility Certification Form FHFA estimates the total annual hour burden on all member director candidates and incumbent member directors associated with review and completion of the Member Director Eligibility Certification Form is 37 hours. This includes a total annual average of 68 member director 3 See 12 CFR 1261.7(c) and (f); 12 CFR 1261.14(b). 4 See 12 CFR 1261.12. Jkt 232001 PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 2. Independent Director Application Form FHFA estimates the total annual hour burden on all independent director candidates associated with review and completion of the Independent Director Application Form is 75 hours. This includes a total annual average of 25 independent director candidates, with 1 response per individual taking an average of 3 hours (25 individuals × 3 hours = 75 hours). 3. Independent Director Annual Certification Form FHFA estimates the total annual hour burden on all incumbent independent directors associated with review and completion of the Independent Director Annual Certification Form is 33 hours. This includes a total annual average of 66 incumbent independent directors, with 1 response per individual taking an average of 30 minutes (.5 hours) (66 individuals × .5 hours = 33 hours). FHFA requests written comments on the following: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) the accuracy of FHFA’s estimates of the burdens of the collection of information; (3) ways to enhance the quality, utility, and clarity of the information collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. E:\FR\FM\11AUN1.SGM 11AUN1 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 46803 L No title or po~tithm 10/ll/1614 2590-0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00035 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.000</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES State 46804 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices it a 2 or 4 Ul/3112014 259U-tl006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00036 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.001</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES Date Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 46805 10/3112014 No. 2590~0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 3 of4 PO 00000 Frm 00037 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.002</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES Individuals Selected to Iilii a 46806 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices I 1 E 1. Print or t pe our full name. U 2. You mu t b a appropriate an ' er. nited Stat INE 3. Pro id the addre citiz n in order to erve a a m mb r director. h k the of our principal re idence. I E 4. You mu t be an officer or a director of an in titution that i a member of the Bank in order to be a member director of U1at Bank. In addition the member mu t be located in U1e tate within the Bank di trict that i to be represented b U1e directo hip ou wi h to hold. In mo l ca e a member will be deemed to be located where it maintain its home office or its principal place of bu ine . Provide the reque ted information for the member you erve a an officer or director a well as our title or po ition at that in titution. I E 5. If ou are an officer or director of an oU1er in titution U1al i a member of U1i or an oth r Bank, pro ide U1e name and location of the in titution( ) a ell a U1e po ilion that ou hold at the in titution( ). INE 6. In ord r for ou to b rv as a m mb r dir tor h appropriat ry in titution that i h to hold a an rv as a wi h to hold a dire tor-ship . Pr!Vllcy Act Statement: In accordance wid11he Privacy Act (S U.S.C. SS2a). the following notice i provided Thi information is solicited under authority of 12 U.S.C. 1427(a and (.b); and 12 CFR 1261.5, 1261.7, and 1261.10 to 1261.13. Fumi. hing lhe information on lhis form i volw1tary, but failure to do o may mruk in you not m~ing lhe atutol)' and rtgulatory eligibility requiremen to serve as a member director. The purpose ofthi information i to facililale lhe timely determination of your eligibility to erve as a member directa-. Information may be disclosed in accordance wilh the routine uses identified in FHFA·System of Record Notice FHFA-8 Federnl Home Loan Bank Directors, which may be found at hup:l/www lbfagoWwcbfjles/21 Sl4/Noljcco/o20ffiFAo/.,ZOSOR~f¥Q(fJjfA-7o/o20!o%20EHFA13) published%2076%20FR'f¥033286%20(6-8·11lo/o20(2).pd0, xpire · 10/3112014 Page 4 of 4 0 1B o. 2590-0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00038 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.003</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES Pa11trworl: ReducUon Ad Statement: otwithstanding any other provi ion ofU1e law, no person i required to respond to, nor 1all any person be subject to a penalty for failure to ca-nply wiU1. a collection of information subject to lhe requirements oflhe Paperwork Reduction Act, unl lhat collection of information diij>lay a currently valid OMB Control umber. Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 46807 loUI VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00039 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.004</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES Address: 46808 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 2 of8 "··""".-.." 10131/2014 No. lS?0-0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00040 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.005</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES Second home address: Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 46809 director of any nu:~rnl>er director indlep1~nd'ent become spouse would in posttto1ns that Bank? 3of8 1013112014 No. 2590-(l006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00041 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.006</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES imlt:lu;nd;;.;nt dit'ector 46810 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices J!UU1cii'l''< 10/Jlll014 2590~0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00042 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.007</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES SIUJiXTJON CRITI~RIA Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 46811 2. Business Knowledge. Bank directors must be financially literate, meaning they must be familiar with how financial statements and various financial ratios are used in managing a business enterprise, how basic accounting conventions apply to the Bank, and how internal controls arc used to manage risk. They also must have some knowledge about one or more ofthc areas of the Bank's business, such as mortgage finance, capital markets transactions, accounting/modeling practices, affordable housing, community and economic development, and legal and regulatory compliance. A. Do you know how to read and understand a financial statement, and do you understand how financial ratios and other indices are used for evaluating the performance of a business enterprise? YesD NoD If you answered Yes, please describe the setting in which you gained that knowledge. B. Do you have a working familiarity with basic finance and accounting practices, including internal controls and risk management? YesD NoD If you answered Yes, please describe the setting in which you acquired that knowledge. C. Do you have experience with financial accounting and auditing, particularly with a publicly traded company? Yes D NoD Page 5 of8 Expires 10/31/2014 OMB No. 2590-0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00043 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.008</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES If you answered Yes, please describe that experience. Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 6of8 1013112014 2590•0000 '-JlU U' i ' " ' ' VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00044 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.009</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES 46812 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices constraints on. 46813 to 10/ll/2014 No. 1590.0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00045 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.010</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES \'our 46814 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices A!'lD SUlll\tU'rfiN(; THIS .1\PPLICATION lS l013U2:014 2590-0006 VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00046 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.011</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES AND CO:!\U"UnE TO THft BEST OJ<' YOUR KNO\\)l,EI>G~: Al'ID THAT YOU AGRII:F~ TO SJI:IlVJ!: AS A DIRECTOR IF ~t:LECTEO. Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices 46815 Federal Home Loan Bank of: tbat you appUtcation ft)rfn form you submitted 1 of VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00047 Fmt 4703 Sfmt 4725 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.012</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES dir·ec'lnr 46816 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices Please the~:k one hox: Form: Personal information: l0!3lll014 2590~0006 [FR Doc. 2014–18829 Filed 8–8–14; 8:45 am] BILLING CODE 8070–01–C VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 PO 00000 Frm 00048 Fmt 4703 Sfmt 9990 E:\FR\FM\11AUN1.SGM 11AUN1 EN11AU14.013</GPH> mstockstill on DSK4VPTVN1PROD with NOTICES Conunitmtmt to

Agencies

[Federal Register Volume 79, Number 154 (Monday, August 11, 2014)]
[Notices]
[Pages 46801-46816]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18829]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2014-N-11]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: 60-day notice of submission of information collection for 
approval from the Office of Management and Budget.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the 
Federal Housing Finance Agency (FHFA) is seeking public comments 
concerning the information collection known as ``Federal Home Loan Bank 
Directors,'' which has been assigned control number 2590-0006 by the 
Office of Management and Budget (OMB). FHFA intends to submit the 
information collection to OMB for review and approval of a three-year 
extension of the control number, which is due to expire on October 31, 
2014.

DATES: Interested persons may submit comments on or before October 10, 
2014.

ADDRESSES: Submit comments to FHFA using any one of the following 
methods:
     Agency Web site: www.fhfa.gov/open-for-comment-or-input.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. If you submit your 
comment to the Federal eRulemaking Portal, please also send it by email 
to FHFA at RegComments@fhfa.gov to ensure timely receipt by the agency.
     Mail/Hand Delivery: Federal Housing Finance Agency, Eighth 
Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public 
Comments/Proposed Collection; Comment Request: ``Federal Home Loan Bank 
Directors (No. 2014-N-11).''
    We will post all public comments we receive without change, 
including any personal information you provide, such as your name and 
address, email address, and telephone number, on the FHFA Web site at 
http://www.fhfa.gov. In addition, copies of all comments received will 
be available for examination by the public on business days between the 
hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, 
Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. To make an 
appointment to inspect comments, please call the Office of General 
Counsel at (202) 649-3804.

FOR FURTHER INFORMATION CONTACT: Patricia Sweeney, Management Analyst, 
Division of Bank Regulation, by email at

[[Page 46802]]

Patricia.Sweeney@fhfa.gov or by telephone at (202) 649-3311or Eric 
Raudenbush, Assistant General Counsel, by email at 
Eric.Raudenbush@fhfa.gov or by telephone at (202) 649-3084 (not toll-
free numbers); or by regular mail at Federal Housing Finance Agency, 
Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. The 
telephone number for the Telecommunications Device for the Hearing 
Impaired is (800) 877-8339.

SUPPLEMENTARY INFORMATION:

A. Need For and Use of the Information Collection

    Section 7 of the Federal Home Loan Bank Act (Bank Act) vests the 
management of each Federal Home Loan Bank (Bank) in its board of 
directors.\1\ As required by section 7, each Bank's board comprises two 
types of directors: (1) Member directors, who are drawn from the 
officers and directors of member institutions located in the Bank's 
district and who are elected every four years to represent members in a 
particular state in that district; and (2) independent directors, who 
are unaffiliated with any of the Bank's member institutions, but who 
reside in the Bank's district and are elected every four years on an 
at-large basis.\2\ Section 7 and FHFA's implementing regulation, 
codified at 12 CFR part 1261, establish the eligibility requirements 
for both types of Bank directors and the required professional 
qualifications for independent directors, and set forth the procedures 
for their election.
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1427(a)(1).
    \2\ See 12 U.S.C. 1427(b) and (d).
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    Part 1261 of the regulations requires each Bank, as part of its 
responsibility to administer its annual director election process, to 
determine the eligibility of candidates to serve as member and 
independent directors on its board. Specifically, each Bank must 
require each candidate for either type of directorship, including any 
incumbent that may be a candidate for reelection, to complete and 
return to the Bank a form that solicits information about the 
candidate's statutory eligibility to serve and, in the case of 
independent director candidates, about his or her professional 
qualifications for the directorship being sought.\3\ Member director 
candidates are required to complete the Federal Home Loan Bank Member 
Director Eligibility Certification Form (Member Director Eligibility 
Certification Form), while independent director candidates must 
complete the Federal Home Loan Bank Independent Director Application 
Form (Independent Director Application Form).
---------------------------------------------------------------------------

    \3\ See 12 CFR 1261.7(c) and (f); 12 CFR 1261.14(b).
---------------------------------------------------------------------------

    Under part 1261, each Bank must also require each of its incumbent 
directors to certify annually that he or she continues to meet all of 
the applicable statutory eligibility requirements.\4\ Member directors 
do this by completing the Member Director Eligibility Certification 
Form again every year, while independent directors complete the 
abbreviated Federal Home Loan Bank Independent Director Annual 
Certification Form (Independent Director Annual Certification Form) to 
certify their ongoing eligibility.
---------------------------------------------------------------------------

    \4\ See 12 CFR 1261.12.
---------------------------------------------------------------------------

    The OMB control number for the information collection is 2590-0006, 
which is due to expire on October 31, 2014. The likely respondents are 
individuals who are prospective and incumbent Bank directors. Copies of 
each of the forms appear at the end of this notice.

B. Burden Estimate

    FHFA estimates the total annual hour burden imposed upon 
respondents by this information collection is 145 hours. This estimate 
is based on the following calculations:

1. Member Director Eligibility Certification Form

    FHFA estimates the total annual hour burden on all member director 
candidates and incumbent member directors associated with review and 
completion of the Member Director Eligibility Certification Form is 37 
hours. This includes a total annual average of 68 member director 
candidates, with 1 response per individual taking an average of 15 
minutes (.25 hours) (68 respondents x .25 hours = 17 hours). It also 
includes a total annual average of 80 incumbent member directors, with 
1 response per individual taking an average of 15 minutes (.25 hours) 
(80 individuals x .25 hours = 20 hours).

2. Independent Director Application Form

    FHFA estimates the total annual hour burden on all independent 
director candidates associated with review and completion of the 
Independent Director Application Form is 75 hours. This includes a 
total annual average of 25 independent director candidates, with 1 
response per individual taking an average of 3 hours (25 individuals x 
3 hours = 75 hours).

3. Independent Director Annual Certification Form

    FHFA estimates the total annual hour burden on all incumbent 
independent directors associated with review and completion of the 
Independent Director Annual Certification Form is 33 hours. This 
includes a total annual average of 66 incumbent independent directors, 
with 1 response per individual taking an average of 30 minutes (.5 
hours) (66 individuals x .5 hours = 33 hours).

C. Comment Request

    FHFA requests written comments on the following: (1) Whether the 
collection of information is necessary for the proper performance of 
FHFA functions, including whether the information has practical 
utility; (2) the accuracy of FHFA's estimates of the burdens of the 
collection of information; (3) ways to enhance the quality, utility, 
and clarity of the information collected; and (4) ways to minimize the 
burden of the collection of information on respondents, including 
through the use of automated collection techniques or other forms of 
information technology.

Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.

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[FR Doc. 2014-18829 Filed 8-8-14; 8:45 am]
BILLING CODE 8070-01-C